Home Depot acquiring SRS Distribution for $18.25 billion to grow pro sales

A sign is seen posted on the exterior of a Home Depot store on February 21, 2023 in El Cerrito, California.  Justin Sullivan | Getty Images Home Depot on Thursday said it is acquiring SRS Distribution in a $18.25 billion deal, the latest and largest sign of its ambitions to drive sales by winning more … Read more

BJ’s Wholesale, Costco and Sam’s rival, will open clubs in Southeast

A BJ’s Wholesale Club is shown in Falls Church, Virginia, May 23, 2023. Win Mcnamee | Getty Images BJ’s Wholesale Club said Wednesday that it will open four clubs in the Southeast and one in the Midwest this year, as it tries to expand and attract members in other parts of the country in a … Read more

Largest U.S. sportsbooks join forces to tackle problem gambling

Seven of the nation’s largest gaming companies are joining forces to create a trade group to promote responsible gaming, and for the first time ever, will share information about problem gamblers. The seven operators — FanDuel, DraftKings, BetMGM, Penn Entertainment, Fanatics Betting & Gaming, Hard Rock Digital and bet365 — will form the Responsible Online … Read more

Ford falls, Amazon advances pharmacy pursuits and Disney board member speaks – our takes the news

Ford Motor kept its 2024 guidance unchanged Tuesday. Meanwhile, Amazon ‘s pharmacy efforts added another wrinkle and Disney ‘s newest board member weighed in on the proxy fight underway at the entertainment giant. Here’s a closer look at these headlines and our takes on each. F YTD mountain F stock performance year-to-date. The news: Ford … Read more

Canada Goose to cut 17% of its corporate workforce

Canada Goose parkas hang on display at a store in Richmond Hill, Ontario. Chris So | Toronto Star | Getty Images Canada Goose said Tuesday that it will cut about 17% of its corporate workforce, following a string of other retailers that have laid off employees this year as consumers continue to pull back on … Read more

McDonald’s to sell Krispy Kreme doughnuts nationwide by end of 2026

McDonald’s is planning to sell Krispy Kreme doughnuts at its restaurants nationwide by the end of 2026, the chains announced Tuesday. The rollout will start in the second half of this year, but it will take roughly two and a half years as Krispy Kreme more than doubles its distribution to satisfy the partnership. For … Read more

Two firms say Foot Locker wins from a shift at Nike. We’re not so sure

Wall Street sentiment toward Foot Locker is warming up after Nike recently said it would focus more heavily on wholesale partnerships — a domain the athletic shoe retailer is a key player in. We still have reservations. Two research firms upgraded Foot Locker shares over the past week: Evercore ISI went to buy from hold … Read more

Why car insurance rates are increasing in the U.S.

Car insurance is getting more expensive. The average annual premium for full coverage auto insurance in the U.S. rose to $2,543 in 2024 — up 26% from the previous year, according to Bankrate. Factors such as longer repair times and more expensive rental car costs are resulting in rising prices, according to a report by … Read more

AI catalysts ahead that could boost Alphabet and Apple — and 3 quick stock takes

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Taking a breather: Stocks were mixed … Read more

Nike (NKE) earnings Q3 2024

The Nike logo is displayed at a Nike Well Collective store on February 16, 2024 in Glendale, California.  Mario Tama | Getty Images Nike on Thursday reported holiday sales that beat estimates, helped by better than expected growth in North America. Here’s how the company performed compared with what Wall Street was anticipating, based on … Read more